London - The euro hit an 11-year low against the dollar and the region's stocks nudged higher on Thursday, as the European Central Bank (ECB) prepared to provide the finer details of its soon-to-be-launched €1trn stimulus plan.
The common currency fell to as low as $1.1026, its lowest level since September 2003 and the region's stock and periphery bond markets opened up as hopes for the ECB's policy meeting in Cyprus lifted investors' spirits.
The slide in the euro came as the dollar continued to claw higher on bets the US Federal Reserve - in sharp contrast to the ECB - is heading for its first rate hike in almost a decade this year.